{"id":53199,"date":"2025-04-04T20:52:00","date_gmt":"2025-04-04T20:52:00","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs"},"modified":"2025-05-05T21:16:46","modified_gmt":"2025-05-05T21:16:46","slug":"wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs","title":{"rendered":"WTO forecasts 1% decline in global trade due to US tariffs"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Global trade could shrink by 1% in 2025 due to reciprocal tariffs of 10%-50% imposed by the US on products imported from many of its trading partners, the World Trade Organization (WTO) has projected.<\/p>\n

In a statement released Thursday, WTO Director-General Ngozi Okonjo-Iweala expressed concerns that these tariffs, along with other trade restrictions introduced earlier this year, could lead to a significant slowdown in global merchandise trade.<\/p>\n

“While the situation is rapidly evolving, our initial estimates suggest that these measures, coupled with those introduced since the beginning of the year, could lead to an overall contraction of around 1% in global merchandise trade volumes this year, representing a downward revision of nearly four percentage points from previous projections,” she said.<\/p>\n

Okonjo-Iweala shared particular apprehension over the risk of escalating retaliatory measures, which could worsen the decline in trade, saying she was \u201cdeeply concerned\u201d about the decline and the potential for escalation into a full-scale tariff war.<\/p>\n

Although the tariffs pose risks, the WTO leader noted that the majority of global trade\u2014about 74%\u2014still flows under the WTO\u2019s Most-Favored-Nation terms, although this share has fallen from 80% earlier in the year.<\/p>\n

Okonjo-Iweala urged WTO members to manage trade tensions carefully and emphasized the organization’s role in preventing conflicts from escalating, ensuring a stable and open global trade environment.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Global trade could shrink by 1% in 2025 due to reciprocal tariffs of 10%-50% imposed by the US on products imported from many of its trading partners, the World Trade Organization (WTO) has projected. In a statement released Thursday, WTO Director-General Ngozi Okonjo-Iweala expressed concerns that these tariffs, along with other trade […]<\/p>\n","protected":false},"author":84,"featured_media":53198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5100,241,5547,5141,4308],"class_list":["post-53199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-global-trade","tag-mauritius","tag-tariffs","tag-world-trade-organization","tag-wto"],"yoast_head":"\nWTO forecasts 1% decline in global trade due to US tariffs - Mauritius<\/title>\n<meta name=\"description\" content=\"Global trade could shrink by 1% in 2025 due to reciprocal tariffs of 10%-50% imposed by the US on products imported from ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WTO forecasts 1% decline in global trade due to US tariffs\" \/>\n<meta property=\"og:description\" content=\"Global trade could shrink by 1% in 2025 due to reciprocal tariffs of 10%-50% imposed by the US on products imported from ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-04T20:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-05T21:16:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/04\/sm_1743785481.364016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"WTO forecasts 1% decline in global trade due to US tariffs\",\"datePublished\":\"2025-04-04T20:52:00+00:00\",\"dateModified\":\"2025-05-05T21:16:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs\"},\"wordCount\":237,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/04\/sm_1743785481.364016.jpg\",\"keywords\":[\"global trade\",\"Mauritius\",\"tariffs\",\"World Trade Organization\",\"WTO\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/wto-forecasts-1-decline-in-global-trade-due-to-us-tariffs\",\"name\":\"WTO forecasts 1% decline in global trade due to US tariffs - 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